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do -- rupert murdoch has literally no idea what to do. >> thank you. could be the worst humanitarian disaster in world gear that is how the united nations commissioner for refugees is describing the drought ravaging east africa. today, he urged kenya to open a new refugee camp completed last year but never used. currently more than 350,000 people are sheltering in camps. it's from that we get this report. >> every morning, the weight, the weary and hungry. more than 1000 people desperate to into the refugee camp. the story is depressingly familiar. the drop in somalia drove her here, but like many others, she had to leave a sick relative, her husband, behind. >> he told me to save myself, save our children. do not stay around to die. some in the village were already dead. nor are right here -- this man ever arrived here a few weeks ago with his wife and parents, but on the long walk, his 3- year-old son died. >> he was crying all the time. there was nothing we could do. he was so hungry, so he just gave up. we buried him by the roadside. >> the camp he
do -- rupert murdoch has literally no idea what to do. >> thank you. could be the worst humanitarian disaster in world gear that is how the united nations commissioner for refugees is describing the drought ravaging east africa. today, he urged kenya to open a new refugee camp completed last year but never used. currently more than 350,000 people are sheltering in camps. it's from that we get this report. >> every morning, the weight, the weary and hungry. more than 1000 people...
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rupert murdoch got a boost when a saudi prince that was the largest share of the company outside of the murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more independent directors are thinking about ways in which rupert murdoch could give up his title of ceo at the company. this is a board that he controls pretty firmly. >> who is on the board? >> is a funny bunch. there are board members that cover a lot of ground. there is an opera singer. quite a range of experience. they are there because he wants them to be. he can control them through loyalty or maybe they spend their entire career there. >> will the board wants him to be succeeded by another? or is it time for someone outside the family? >> i think we can look to the biggest source of the rumors so far tha
rupert murdoch got a boost when a saudi prince that was the largest share of the company outside of the murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more...
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. >> rupert murdoch and his son james r. and not see. the british law makers grill them over what they knew about the scandal. a dramatic attack interrupt the hearing. -- is due to die in texas tomorrow. it is now one of his victims fighting to save his life. hoping to make a splash, the london olympics. we follow one british athlete training hard to make the cut. welcome to our viewers on pbs and america. shocked, appalled, ashamed, the words that rupert murdoch used before lawmakers. that was his reaction tuesday phone hacking scandal that has unraveled his empire and sent shock waves through the military -- through the metropolitan police. they apologized for the hurt that was caused but they claimed that they were not responsible. the proceedings were interrupted by protesters with a plateful of foam. >> the moment when two of the world's most powerful media moguls, rupert murdoch and his son,, arrived to be held to account for the way that there company invaded the privacy of individuals. >> do you have anything to say about the pho
. >> rupert murdoch and his son james r. and not see. the british law makers grill them over what they knew about the scandal. a dramatic attack interrupt the hearing. -- is due to die in texas tomorrow. it is now one of his victims fighting to save his life. hoping to make a splash, the london olympics. we follow one british athlete training hard to make the cut. welcome to our viewers on pbs and america. shocked, appalled, ashamed, the words that rupert murdoch used before lawmakers....
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only a week or so ago rupert murdoch said he had total confidence in rebecca brooks. the first thing he did when he flew into london to try and sort this crisis out was stage a photo opportunity with his arm around rebecca, asked what his first priority was on landing in london. he pointed to her and said this one. >> rose: so why did she resign? >> i think because the attempts to take the pressure off so far had failed. the closure of the news of the world is dramatic and expense move. this pap had been going for 160 plus years. ruperturdoch bought it 42 years ago it was his big entry on to the world stage after leaving australia. >> rose: the largest circulati paper in london. >> 2 million a day, used to sell 6 to 8 million in its glory days. so this is an extraordinary, papers don't shut down overnight like that either. in these troubled mes. he had done that he pulled the bid for sky. he had agreed after changing his mind on thursday to appear before parliament. none of those things had taken the pressure off. the reason that he had kept rebecca brooks right by hi
only a week or so ago rupert murdoch said he had total confidence in rebecca brooks. the first thing he did when he flew into london to try and sort this crisis out was stage a photo opportunity with his arm around rebecca, asked what his first priority was on landing in london. he pointed to her and said this one. >> rose: so why did she resign? >> i think because the attempts to take the pressure off so far had failed. the closure of the news of the world is dramatic and expense...
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rupert murdoch's news corp. has dropped their bid for bskyb. >> they clearly need to do with the problems that news international. >> 21 people were killed in a financial capital. the fighting continues to rage in libya. colonel gaddafi's forces and the rebels are still in a tug of war. the last few days have brought an incredible reversal of fortune for rupert murdoch's media empire and today can get another blow. bowling to public and political pressure, news corp. withdrew their bid for bskyb. this is in the wake of the hacking scandal. for more on how the deal went, here is the bbc's business editor. >> rupert murdoch, the great news mobile is in the news for what he would see as the wrong reasons. the great humiliations' of his career, the abandonment of his desire to get all of british news broadcasting. "we believe that the acquisition would benefit both companies it has become clear that it is too difficult to progress in this climate." this was the appalling climate for mr. murdoch. >> when such a serio
rupert murdoch's news corp. has dropped their bid for bskyb. >> they clearly need to do with the problems that news international. >> 21 people were killed in a financial capital. the fighting continues to rage in libya. colonel gaddafi's forces and the rebels are still in a tug of war. the last few days have brought an incredible reversal of fortune for rupert murdoch's media empire and today can get another blow. bowling to public and political pressure, news corp. withdrew their...
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robert m -- rupert murdoch is, if nothing else, decisive. he did exactly the right thing. >> last word. see you next week.
robert m -- rupert murdoch is, if nothing else, decisive. he did exactly the right thing. >> last word. see you next week.
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rupert murdoch apologized to the family of milly dowler, murdered girl whose hacked phone started the controversy. >> she is the most high-profile casualty so far in the scandal that has spread to both sides of the atlantic. for the past 10 days, rebekah brooks has been a part of the storm that has swept rupert murdoch's empire and remained by his side. today, she decided to step away. she said that recent times have been tough and i need to concentrate on correcting the distortions and rebuffing the allegations about my record as a journalist, in the church, and executive. -- editor, and executive. she said she felt a deep responsibility for those hurt. >> i am pleased she has accepted responsibility for what happened on her watch as editor of "news of the world." as i said when i called for her resignation 10 days ago, this is not just about one individual. it is about the culture of an organization. >> the man to replace her is already at his desk. he has been brought in from italy. james murdoch thanked ms. brooks for her service. he said we support her as we takes the step to cle
rupert murdoch apologized to the family of milly dowler, murdered girl whose hacked phone started the controversy. >> she is the most high-profile casualty so far in the scandal that has spread to both sides of the atlantic. for the past 10 days, rebekah brooks has been a part of the storm that has swept rupert murdoch's empire and remained by his side. today, she decided to step away. she said that recent times have been tough and i need to concentrate on correcting the distortions and...
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rupert murdoch's performance was really quite extraordinary. he seemed to be trying to convince the world that he was a doddering old chap that had no idea what was going on. a lot of the time i felt convinced of that. one of the most striking things about the parents was this is probably the end of the rupert murdoch era. this will convince most shareholders that he is not the person to be running this company. >> what about james murdoch? do you think that he knew? >> he did a very controlled and technocratic performance using words extremely carefully. he was terribly well coached. he said nothing that you could point to and say that he really knows what is going on. he is in a lot of difficulty particularly around the signing of the check for a million pounds. he maintains that he had no idea that part of the evidence in this case was that there were more journalists involved in the hacking. at the moment, it is his word against those of the other people involved. >> this is really a day of parliamentary peter. did you find out anything tha
rupert murdoch's performance was really quite extraordinary. he seemed to be trying to convince the world that he was a doddering old chap that had no idea what was going on. a lot of the time i felt convinced of that. one of the most striking things about the parents was this is probably the end of the rupert murdoch era. this will convince most shareholders that he is not the person to be running this company. >> what about james murdoch? do you think that he knew? >> he did a...
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. >> the rupert murdoch scandal may have cost the atlantic. at the department of justice and all kinds of federal agencies will be going after this very hard. we will, too. >> jay rockefeller, this is about allegations of the journalist working for media mogul rupert murdoch illegally tapped into the phone messages of thousands of people, including families of the victims of 9/11. the fbi is apparently looking into this as well. murdoch, by the way, is a u.s. citizen. tell us about this. >> this is really serious. the foreign corrupt practices act makes it illegal to take bribes anywhere. if you are a u.s.-based corporation, and news corp. is. our laws are in it. even if it did not happen here, and it might have. we might have been just oblivious to the fact it was happening here. i do not know. >> it is huge in britain. that it could bring down the camera government at some point. certainly, it will undermine cameron, all the hard things he is trying to do, will undermine that seriously. >> i heard him in parliament your part of his defense w
. >> the rupert murdoch scandal may have cost the atlantic. at the department of justice and all kinds of federal agencies will be going after this very hard. we will, too. >> jay rockefeller, this is about allegations of the journalist working for media mogul rupert murdoch illegally tapped into the phone messages of thousands of people, including families of the victims of 9/11. the fbi is apparently looking into this as well. murdoch, by the way, is a u.s. citizen. tell us about...
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what impact would this have on the global empire of rupert murdoch? we are joined from new york by the media editor for the "financial times." thank you for joining us. news corp. shares are down. is the scandal in danger of in danger in the entire empire? >> i think you have to separate the two things. is there any allegation that similar behavior was taking place in any of the u.s. operations? there are no allegations. this is a fast-moving investigation. we don't know what it will throw up next. clearly, there has been contamination to the way that investors in the u.s. and around the world, they see the risks attached to part of the business they never paid much attention to, the u.k. newspapers. they are slow-growing and shrinking assets that were not a big part of the investor focus until last week. >> one group has accused rupert murdoch of treating the company like a family candy jar. do you think there could be growing unease among investors? >> for context, these are relatively small institutional investors. they have added this to their lib
what impact would this have on the global empire of rupert murdoch? we are joined from new york by the media editor for the "financial times." thank you for joining us. news corp. shares are down. is the scandal in danger of in danger in the entire empire? >> i think you have to separate the two things. is there any allegation that similar behavior was taking place in any of the u.s. operations? there are no allegations. this is a fast-moving investigation. we don't know what it...
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rupert murdoch currently controls 40% of british newspaper sales. does closing "news of the world," make much difference? >> i suspect that one of his other tabloids will have a sunday edition. i think the extraordinary thing is that we were ever prepared to allow this man to have this kind of control over british life. he has never really bought into this society. he is and i australian who became an american to preserve his media ownership. in america, you have to be an american to own substantial media interests. this is a cancer is pollution of corruption that has been led by this newspaper which appears to have no shame whatsoever and hacking into the mobile phone and messages from the mobile phone of a 13-year-old murder victim. >> this is a man who has been able to quite literally make and break prime ministers of great britain. >> i know exactly how it seems. it came about because mrs. thatcher, i think that she did great things for this country as everyone in america appreciates. i tell you, she fell upon the neck of murdoch because here wa
rupert murdoch currently controls 40% of british newspaper sales. does closing "news of the world," make much difference? >> i suspect that one of his other tabloids will have a sunday edition. i think the extraordinary thing is that we were ever prepared to allow this man to have this kind of control over british life. he has never really bought into this society. he is and i australian who became an american to preserve his media ownership. in america, you have to be an...
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he is not named murdoch, but he has a hand in glove relationship with rupert. he threads the needle as somebody who is not james or elizabeth murdock, but he is also not so far away from rupert there would be any disruption in the company's operations worldwide. >> if there were any criminal prosecutions as a result of these investigations, what with the position of the board members be? would they be liable in any way? >> it is possible. if there are criminal investigations, that is when you will start to see action, once these guys have skin in the game. as long as everyone stays out of the courts -- rupert murdoch controls many of the voting shares and board members. he will be able to keep them in line. what we are hearing so far are the early beginning mumblings of the very few members of the board that are somewhat independently minded. >> you think board members are starting to cover their backs a bit? >> they are starting to use the press. there are conflicting reports on bloomberg and reuters that some of the board members are getting antsy. the people
he is not named murdoch, but he has a hand in glove relationship with rupert. he threads the needle as somebody who is not james or elizabeth murdock, but he is also not so far away from rupert there would be any disruption in the company's operations worldwide. >> if there were any criminal prosecutions as a result of these investigations, what with the position of the board members be? would they be liable in any way? >> it is possible. if there are criminal investigations, that...
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what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu corporate polished ceo saying no matter the merit of the question that's a tremendous and terrific question and i appreciate the manner in which it's been asked and his preambles were enormous and the content of the answers were minimal and existing always flattering the questioner. what i liked was the contrast. murdoch was as he said, humbled and i think he was contrite. the measure of the contrition seed to go down toughout the day until we got the pie as some over the internet said that saved news corp. not sure that's right but it was astonishing. >> charlie: and james murdoch to be protective
what i found fascinating is rupert murdoch spent a lot of his first testimony not being rupert murdoch and being contrite and as the afternoon wore on what you saw was the emergence of very much the 20th century media mogul got more gruff but maybe felt more honest. at one pointthe questioner said rupert murdoch i'm going turn to you since i don't seem to get far with james murdoch and he got more gruff. he steamed to respond in a differt way. james was every bit the picture of a 20th centu...
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we look at the hit to rupert murdoch's giant media empire. it's "nightly business report" for wednesday, july 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody's investor service placed the government's bond rating on review for possible downgrade. without a debt deal on capitol hill, moody's points to a "small but rising risk of a short-lived default" tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. >> tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman's testimony but backed off those highs as the day wore on
we look at the hit to rupert murdoch's giant media empire. it's "nightly business report" for wednesday, july 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on...
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we will see the murdoch empire moving on. rupert is 80. his son james is not that attached to newspapers. they are troubled. they do not make as much money as they ought to. we're looking to the future, not the past. >> let's look at the government now. what impact does this have on david cameron? the man who was his communications adviser is reportedly going to be a arrested tomorrow, linked to this scandal. he is very close to the news international executives. >> and the man in the streets as he remembers tony blair topping off to consort with rupert on the island and gordon brown constantly having his door open to visiting murdoch's and all of that. i do not think this is strictly a conservative-labor issue. there are those who believe david cameron should have had andy resign over the first allegations of hacking. he looks a bit stupid now. it does not do anything for his authority. uso voluble yesterday, saying that this is an outrage -- he was so valuable yesterday, saying that this is an outrage and something must be done about it.
we will see the murdoch empire moving on. rupert is 80. his son james is not that attached to newspapers. they are troubled. they do not make as much money as they ought to. we're looking to the future, not the past. >> let's look at the government now. what impact does this have on david cameron? the man who was his communications adviser is reportedly going to be a arrested tomorrow, linked to this scandal. he is very close to the news international executives. >> and the man in...
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phone hackingh scandal -- media mogul rupert murdoch called before a committee of british parliament. >> do you have a responsibility? >> no. captioned by the national captioning institute --www.ncicap.org-- >> here is the deal -- as we require this program, we don't know how the debt ceiling business is going to play out over the weekend, but we have to put a program on the air, so here goes. president obama said he hopes to elevate the tone of her political discourse in washington. >> the way we run campaigns, the demonization of what the other side, i think that is broken down some of the trust and washington. >> anyone who witnessed his reckless spending ahabits the past 2.5 years or sat across the negotiating table the past few weeks could be forgiven for being skeptical of his recent attempts to come across as a fiscal moderate. >> that is senate minority leader mitch mcconnell, who has made no secret of his hope that president obama is a one-term president, but as mark said last week, at least he is honest about it. some democrats are angry at the president and his people, some
phone hackingh scandal -- media mogul rupert murdoch called before a committee of british parliament. >> do you have a responsibility? >> no. captioned by the national captioning institute --www.ncicap.org-- >> here is the deal -- as we require this program, we don't know how the debt ceiling business is going to play out over the weekend, but we have to put a program on the air, so here goes. president obama said he hopes to elevate the tone of her political discourse in...
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this afternoon, rupert murdoch acted to underline -- >> this afternoon are rupert murdoch acted to underline her actions, traveling to see his daughter. -- to see the family of and the daughter that was the victim that has sparked this outrage. >> it was a private meeting. i was appalled to find out what had happened. that is why i went there to apologize. >> this solicitor's vote for the family. >> he was humbled to give -- spoke for the family. >> he was humbled to give a full and sincere apology to the family. the dollar family told him -- dowler family told him that his paper should lead the way to set the standard for honesty and decency, and not what has gone before. >> tomorrow, rupert murdoch's signature will appear on a further apology in every one of the u.k. papers. the news of the world was in the business of holding others to account, he said, and it failed when it came to itself. rebecca brooks may have left the bridge, but her role in this forthcoming story will ensure she remains in the headlines. the fallout continues on both sides -- >> the fallout continues on both sides o
this afternoon, rupert murdoch acted to underline -- >> this afternoon are rupert murdoch acted to underline her actions, traveling to see his daughter. -- to see the family of and the daughter that was the victim that has sparked this outrage. >> it was a private meeting. i was appalled to find out what had happened. that is why i went there to apologize. >> this solicitor's vote for the family. >> he was humbled to give -- spoke for the family. >> he was humbled...
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but people have seized upon this and seen rupert murdoch. people are who don't care about hacking but who hate fax news, who hate the wall street and the other publication he's got. and they're going to go after him the way in the watergate days they came after richard nixon. they're after other game than the hacking. >> you have a motion picture empire too. >> they want to take him down. >> i'm glad you raised watergate before i did. because it does remind me of the drip, drip, drip. and they're asking the questions when did he know it and could he go to jail over this? there's a man who has been feared certainly in the u.k. and revered to some extent in this country for what he has accomplished, but also feared. suddenly the fear factor is gone and it's open season on rupert murdoch some he's got -- the wall street journal is a jewel in the american newspaper world, and he's done fine. >> two things, improve the quality of that? >> his involvement in politics in this country is disturbing to people on the progressive side. >> there's no ev
but people have seized upon this and seen rupert murdoch. people are who don't care about hacking but who hate fax news, who hate the wall street and the other publication he's got. and they're going to go after him the way in the watergate days they came after richard nixon. they're after other game than the hacking. >> you have a motion picture empire too. >> they want to take him down. >> i'm glad you raised watergate before i did. because it does remind me of the drip,...
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what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicians that he shall not press ahead and then to do is they insisted, well, it is a setback as embarrassing
what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other...
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the scandal spreads from the pages of rupert murdoch's newspaper to the walls of parliament. >> the shuttle has cleared the tower. -- the tunnel. >> it is countdown for the space shuttle final launch. we hear from one at nasa veteran who was there from the start. welcome to our viewers on pbs in america and around the globe. aid agencies have issued an urgent appeal for help for millions affected by drought in east africa. the crisis has been particularly cruel to somalia, kenya, uganda, and ethiopia. more than 300,000 people have walked days to get to the refugee camp in kenya. ben brown has been there for a week. >> among the refugees at this camp, there are hundreds of lost children and orphans. some got separated from their families on the long walk from somalia. others, like abdi and his sister, no longer have parents. their father died in somalia's civil war. last month, their mother was killed as well. >> it is better here. back in somalia, there was war. we have no relatives there, so we fled here. we now have a foster mother to look after us. >> in the camp hospital, these children
the scandal spreads from the pages of rupert murdoch's newspaper to the walls of parliament. >> the shuttle has cleared the tower. -- the tunnel. >> it is countdown for the space shuttle final launch. we hear from one at nasa veteran who was there from the start. welcome to our viewers on pbs in america and around the globe. aid agencies have issued an urgent appeal for help for millions affected by drought in east africa. the crisis has been particularly cruel to somalia, kenya,...
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if rupert murdoch steps down or out as c.e.o. and what-- will any of the senior executives indicted or go to il gentleman. so what impact do these issues have. what are the financial implications? >> well, if i can remember that list, let me try and go through them. the disposition of the newspaper assets in the u.k. is really inconsequence. news corp. does 4.5 million of operating income a year. assets to -- 0 million. so we're talking about less than 2% of the operating income. and to the street a distraction. for those getting told t doesn't really matter. the second risk was i believe the disposition of the 39% in bskyb. you know, the street likes that asset but at the end of the day if they end up sell that asset something going to have to happen to that 12 billion of cash sitting on the balance sheet that was going to be used to buy in the rest of bskyb so not only will news corporate holders get cash for the sale of the 39%, but that other 12 billion will come back to equity holders and that is yes focus on that mid single
if rupert murdoch steps down or out as c.e.o. and what-- will any of the senior executives indicted or go to il gentleman. so what impact do these issues have. what are the financial implications? >> well, if i can remember that list, let me try and go through them. the disposition of the newspaper assets in the u.k. is really inconsequence. news corp. does 4.5 million of operating income a year. assets to -- 0 million. so we're talking about less than 2% of the operating income. and to...
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rupert murdoch was ten years old when "citizen kane" came out. for his entire professional life al of us who have followed from the frailtys to the successess have this template in our head. in life d picture cracter may be fate, in business is management and rupert murdoch, as important as he is, is not the only thing at newscorp. so when we say "peril," what we means that there are big questions about the management of if tompany, big questis about where it's going to go for both. the b sky b acquision was about growth. newspapers make up 3 3-% of the profits. it's a pimple. it means nothing. >> it's said the only reason the print maintains its place in the portfolio is because rupert loved newspapers. >> absolutely. so the question about what happens to it, we have to be very careful about divorcing our own projections of pert murdoch, this grea character, no question, from newscorp, which is a multinational company with lots of business interests that will find a way. i mean, i think it will find a way. it's certainly put itself at risk in a
rupert murdoch was ten years old when "citizen kane" came out. for his entire professional life al of us who have followed from the frailtys to the successess have this template in our head. in life d picture cracter may be fate, in business is management and rupert murdoch, as important as he is, is not the only thing at newscorp. so when we say "peril," what we means that there are big questions about the management of if tompany, big questis about where it's going to go...
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Jul 24, 2011
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rupert's humble pie. >> this is the most humble day of my life. >> media mogul rupert murdoch and his son james answered questions this week before members of the british parliament. the murdochs were grilled about accusations of cell phone hacking and bribery. members wanted to know what the murdochs knew and when they knew it. murdoch was asked by members how and why these events occurred. >> i feel that people i trusted, i'm not saying who i don't know at what level, let me down, and i think they behaved disgracefully and betrayed the company and me, and it's the debt to pay. >> the case that most angered the public was that of milly dowler, the murdered 13-year- old school girl in 2002 whose phone had been hacked. murdoch himself introduced the milly dowler case. >> absolutely shocked, appalled, and ashamed when i heard about the milly dowler case. only two weeks ago, eight days. >> question is the scandal now contained or is it spreading? mort. >> it's certainly to some extent continuing, let me put in the way, because it's gone beyond the specifics of this hacking case. there is
rupert's humble pie. >> this is the most humble day of my life. >> media mogul rupert murdoch and his son james answered questions this week before members of the british parliament. the murdochs were grilled about accusations of cell phone hacking and bribery. members wanted to know what the murdochs knew and when they knew it. murdoch was asked by members how and why these events occurred. >> i feel that people i trusted, i'm not saying who i don't know at what level, let me...
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Jul 18, 2011
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there's a sense among shareholders -- viavoice given rupert murdoch -- they have always given rupert murdoch a bit of a break. there has always been a bit of a murdoch discount thinking he is going to do what he wants to do and do not always what is best for shareholders. they've given him a break because he has a good view long- term of where the company is going. now he and his management team look like a group that is not in front of the news. they continue to get hammered by events. they are not prepared for it. they're constantly reacting. i think shareholders will want to see that the worst is behind them and they have their arms around this and know where it will go from here. >> is there any threat to the murdochs themselves? are their personal reputations so damaged it is now a liability for management? >> there is a possibility that is the case. the board of directors felt like the information flow from management to the board has not been good. it has not been of high quality. it has not been in the quantity they want. they do not feel like they're getting accurate stateme
there's a sense among shareholders -- viavoice given rupert murdoch -- they have always given rupert murdoch a bit of a break. there has always been a bit of a murdoch discount thinking he is going to do what he wants to do and do not always what is best for shareholders. they've given him a break because he has a good view long- term of where the company is going. now he and his management team look like a group that is not in front of the news. they continue to get hammered by events. they...
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Jul 14, 2011
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next tuesday the embattled media titan rupert murdoch and his heir apparent jane will appear before british lawmakers. sending shock waves far and wide. the fbi has opened an investigation into allegations that murdoch's news corp. saw to hack into the phones of september 11 victims. we start tonight's coverage with this report from our deputy political editor. >> parliament has costumed the news of the -- to answer the questions of the mp's of why so many were hacked. >> my message to rebekah brooks is do the decent thing. it cannot hide away from this level of public english. >> they were reluctant witnesses. they told the committee he could not attend the future session. james murdock said he could not come. rebekah brooks said chiappone -- welcome the opportunity to do so but would not discuss anything that relates to the ongoing police investigation. the talk was of a formal summons. the threat had worked. they change their minds but they would now be coming to answer m.p.'s questions. in the second letter, james murdock said we're running to confirm our attendance by -- and concerned
next tuesday the embattled media titan rupert murdoch and his heir apparent jane will appear before british lawmakers. sending shock waves far and wide. the fbi has opened an investigation into allegations that murdoch's news corp. saw to hack into the phones of september 11 victims. we start tonight's coverage with this report from our deputy political editor. >> parliament has costumed the news of the -- to answer the questions of the mp's of why so many were hacked. >> my message...
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Jul 15, 2011
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. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >> susie: small businesses are often called the engine of the nation's economy. that's why tonight's commentator believes it's key to teach the nation's kids to think like entrepreneurs. with tonight's "kids and cash," here's jack harris, president of junior achievement of georgia. >> for generations, we've been taught to believe in the american dream-- owning a house, buying a car, living the good life. but this generation of kids could be the first that might not do better financially than their parents. that's why it's so important to teach business to children at a young age. at junior achievement,
. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >>...
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Jul 20, 2011
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rupert murdoch and his son james testified before parliament. a comedian stormed toward the senior murdoch, trying to hit him with a shaving cream pie. he wasn't hurt. both murdochs offered a string of apologies for the telephone hacking scandal that has engulfed their company, causing them to shut down their british tabloid "news of the world." >> this is the most humble day of my life. >> it's a mattered of great regret. mine, my father's and everyone at the news corporation. these do not live up to the standards that our company aspires to everywhere around the world. >> susie: despite the apologies, rupert murdoch said he would not step down as c.e.o., saying "i'm the best person to clean this up." shares of newscorp moved higher during the testimony. they finished the day up 5%, closing at 15.79. >> tom: very activelyl traded, really a broad rally today. let's take a look at tonight's market focus. stocks saw strong buying throughout the day thanks to earnings, thanks to positive housing numbers and hope for movement toward a deal on the de
rupert murdoch and his son james testified before parliament. a comedian stormed toward the senior murdoch, trying to hit him with a shaving cream pie. he wasn't hurt. both murdochs offered a string of apologies for the telephone hacking scandal that has engulfed their company, causing them to shut down their british tabloid "news of the world." >> this is the most humble day of my life. >> it's a mattered of great regret. mine, my father's and everyone at the news...
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rupert murdoch issued a statement describing what had happened as deplorable and unacceptable. he stated that "our company must fully cooperate with the police and said that what happened under rebekah brooks' leadership." she was editor of the "news of the world," at the time some of the hacking. she was apparently away at the time. murdoch's enemies have long claimed that whoever is in power is the real puppet master. tonight, he, they, no one knows how this will end. >> joining me now from london is the deputy prime minister went tony blair was in power. 45 of his mobile phone messages were hacked into. this is a very sorry tale. it goes back to 2006 when your own messages were broken into. how evasive was that? >> the police kept in mind that that was so. i had to go to the court and force them to commit and setup a new inquiry. that is finding all of disinformation. the information was available before. why didn't the police act on it instead of the nine that my phone messages had been broken into? now we are learning the appalling situation of the phone's not only having
rupert murdoch issued a statement describing what had happened as deplorable and unacceptable. he stated that "our company must fully cooperate with the police and said that what happened under rebekah brooks' leadership." she was editor of the "news of the world," at the time some of the hacking. she was apparently away at the time. murdoch's enemies have long claimed that whoever is in power is the real puppet master. tonight, he, they, no one knows how this will end....
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Jul 20, 2011
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now what we saw today was a different rupert murdoch. at the beginning he seemed inhibited but as the time went on, he said very little. most of what he said in the first half an hour or 45 minutes could be summed up in the one sentence that he said which was, "today is the humbleest day of my life." he repeated that later on. it was in a statement which he wasn't allowed to read until the end. as the day wore on and there was about three hours of questioning, one side and another of the custard pie incident, if i can call it that, you began to see a strategy. the strategy appeared to me to be this. they followed it religiously. james murdoch, as the executive, clearly in charge of overseas operations including the british newspapers, could not deny absolutely the forensic questions. he had to engage with them. rupert murdoch could take the high road, as he did, and stay silent for much of the time. only occasionally stepping in when he felt that james murdoch needed some help. after the pie incident, we saw a different murdoch, a much m
now what we saw today was a different rupert murdoch. at the beginning he seemed inhibited but as the time went on, he said very little. most of what he said in the first half an hour or 45 minutes could be summed up in the one sentence that he said which was, "today is the humbleest day of my life." he repeated that later on. it was in a statement which he wasn't allowed to read until the end. as the day wore on and there was about three hours of questioning, one side and another of...
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we start with a report from gary gibbon of "independent television news." >> reporter: rupert murdoch flew the prime minister postponed parliament's summer break by a day to try to re-establish his own standing with a statement and debate. after two weeks of resisting pressure for a full-scale apology for hiring andy coulson david cameron edged towards one and he said people would hear the full genuine article if andy coulson was found to have lied. >> i have an old fashioned view about innocent until proven guilty. but if it turns out i've been lied to that would be a moment for a profound apology. and in that event i can tell you i will not fall short. people will of course make judgements about it. of course i regret and i am extremely sorry about the furore it has caused with 20/20 hindsight and all that has followed i would not have offered him the job and i expect that he would not have taken it. but you don't make decisions in hindsight. you make them in the present. you live and you learn, and believe you me i have learnt. >> that isn't good enough. because people, people, it'
we start with a report from gary gibbon of "independent television news." >> reporter: rupert murdoch flew the prime minister postponed parliament's summer break by a day to try to re-establish his own standing with a statement and debate. after two weeks of resisting pressure for a full-scale apology for hiring andy coulson david cameron edged towards one and he said people would hear the full genuine article if andy coulson was found to have lied. >> i have an old...
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. >> for years, the "news of the world," britain's top-selling sunday tabloid and part of rupert murdoch's global media empire, has been afflicted by claims of phone hacking. david cameron expressed his shock that the phone of a girl who was murdered years ago was hacked into by a "news of the world" correspondent. >> the scandal has been growing and growing as more and more people learned that their phones had been hacked. now, a much more serious allegation has shocked the country. 13-year-old 2 went missing -- 13-year-old milly dowler went missing. there were allegations that "news of the world" packed into her phone and that some messages might have been deleted in that act. >> if these allegations are true, this is a dreadful act, a dreadful situation. what i have read in the papers is quite shocking -- that someone could do this -- while knowing that the police were trying to find this person and find out what had happened. >> there is more pressure on the prime minister's friend, rebekah brooks, chief executive of news international in the u.k., editor at "news of the world" when mi
. >> for years, the "news of the world," britain's top-selling sunday tabloid and part of rupert murdoch's global media empire, has been afflicted by claims of phone hacking. david cameron expressed his shock that the phone of a girl who was murdered years ago was hacked into by a "news of the world" correspondent. >> the scandal has been growing and growing as more and more people learned that their phones had been hacked. now, a much more serious allegation has...
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Jul 8, 2011
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rupert murdoch, for example, is a regular visitor to number 10 downing street. he visits the prime minister's residence at checkers which would be the camp david equivalent. and rebecca brooks is also in the same position, a regular visitor to both those places. in a way that you wouldn't see a u.s. president inviting similar media figures here. >> suarez: saranow that the justice is -- -- dust is starting to settle and the announcement is made and sun day's profits are all going to chart, how do you conclude that news corp. made this decision to bury 168-year-old newspaper, a very profitable property, one of the best read newspapers in the english language over something like this? >> well, the people i have been talking to at news corp. have said that this was something that they knew was potentially in the cards for months. they were going to maybe take this action. i think it's somewhat cynical. because what it allows them to do is close the newspaper, try to draw a line under the scandal and have everyone move on. of course the executives who are really mak
rupert murdoch, for example, is a regular visitor to number 10 downing street. he visits the prime minister's residence at checkers which would be the camp david equivalent. and rebecca brooks is also in the same position, a regular visitor to both those places. in a way that you wouldn't see a u.s. president inviting similar media figures here. >> suarez: saranow that the justice is -- -- dust is starting to settle and the announcement is made and sun day's profits are all going to...
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can stay on his job. >> all eyes are on the hearings tomorrow when rupert murdoch and his son james are due to give evidence. what can we expect and what's at stake for their business. >> i was just speaking to someone coaching them for these appearances tomorrow and you think they're coached to appear contrite. they're certainly going to apologize and stick to the facts as much as they can. i think this is going to be partly political theater. i think people really want to be able to hold rupert and james up and take their punches, ask them the questions they haven't been able to ask them. i think what we could see are some flashes of defensiveness and anger on their part. i think because as much as they -- the center of this they feel agrowthed, they feel like they're the victims. this is always been a part of the newscorp culture, murdoch culture where they feel like everything is a battle and they're the ones who at the receiving end of the unfair treatment. >> you have reported on this scandal for many years. how widespread is phone hacking? and why was it ignored for so long?
can stay on his job. >> all eyes are on the hearings tomorrow when rupert murdoch and his son james are due to give evidence. what can we expect and what's at stake for their business. >> i was just speaking to someone coaching them for these appearances tomorrow and you think they're coached to appear contrite. they're certainly going to apologize and stick to the facts as much as they can. i think this is going to be partly political theater. i think people really want to be able...
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Jul 16, 2011
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they arrived half an hour later yesterday, rupert murdoch called the wall street journal, one of his own papers, just to insist that the phone hacking crisis had been handled extremely well in every way possible. he said there'd only been a few minor mistakes. today, he tried to stop the rot. >> i'm the founder of the company, i was appalled to find out what had happened and i apologize and i have nothing further to say. >> reporter: the dowler family's lawyer said he believed the tycoon's regret was genuine >> yes, he did apologize, he apologized many times. i don't think somebody could have held their hands in their head in their hands so many times to say that they were sorry. >> reporter: rupert murdoch's used to having everything his own way, but no longer. he's already abandoned his bid for b-sky-b and closed the "news of the world" and this morning he has to sacrifice news international's chief executive rebekah brooks, the paper's former editor. in a statement she said, "as chief executive of the company i feel a deep sense of responsibility for the people we have hurt and i
they arrived half an hour later yesterday, rupert murdoch called the wall street journal, one of his own papers, just to insist that the phone hacking crisis had been handled extremely well in every way possible. he said there'd only been a few minor mistakes. today, he tried to stop the rot. >> i'm the founder of the company, i was appalled to find out what had happened and i apologize and i have nothing further to say. >> reporter: the dowler family's lawyer said he believed the...
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Jul 21, 2011
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i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the succession. so i'm rather thinking that this is the beginning of the end of an era. >> the judgment is still out on that. i think that it took about an hour for rupert murdoch, who really is a -- as we know a formidable figure -- to at least wake up or at least become engaged. i think heook some time to adjust to the fact that there he was, being pummeled, having questions asked of him. that's not the role he's accustomed of. he's normally chairman, in charge, asking the questions. so that was a little bit of a psychological shock. he did look detached, rd of hearing, sewhat vulnerableif y
i don't know when, i don't know how quickly, but rupert murdoch did ok like a spent force. james, i've heard quite divided responses on how h performed. if i re a shareholder, i wouldn't be too happy about him. i thought that -- that he was -- he seemed evasive and repetitive, which to be fair to him i think when he weing asked also repetiti questions, in that surroundingt wasn't very surprising, but he wasn't -- he dn't -- he didn't rely, i think, equate himlf thnough honor to assure the...
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but today, parliament rose up as one, all three main parties united, telling rupert murdoch he could not expand his media ownership here, right now. and he buckled. in a statement on their takeover plans, news corp said that it was too difficult to progress in this climate, but that news corp reserves the right to make an offer at a later date. >> i think this is the right decision, i've been saying that this company clearly needs to sort out the problems there are at news international, at the "news of the world." that must be the priority, not takeovers, so the right >> reporter: it's a huge blow for james murdoch, third in command at his father's company. buying b-sky-b was one of news corp's biggest projects long planned and potentially very lucrative. >> it feels like the parable of the emperor's clothes, all of a sudden everyone knows that rupert murdoch's company was too powerful and we've now got fundamental question about what does media ownership in the u.k. look like going forward. >> reporter: the prime minister said those questions would be answered by and inquiry by lor
but today, parliament rose up as one, all three main parties united, telling rupert murdoch he could not expand his media ownership here, right now. and he buckled. in a statement on their takeover plans, news corp said that it was too difficult to progress in this climate, but that news corp reserves the right to make an offer at a later date. >> i think this is the right decision, i've been saying that this company clearly needs to sort out the problems there are at news international,...